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LI really need help on this please.
I went to bank with the fd form they previously gave me with my “signature on it, account number, tick to credit it to my savings a/c with them, and for rest I expected them to fill”..but there the RM took help from a senior official to open my fd, they used their banking app on my phone and the fd was opened instantly, so I thought the form was not used and they will discard it.
So my question is if they don’t properly discard it (assuming they didn’t see that I already filled with my a/c no and signature) and they just throw it in the trash. If someone finds the fd form could they open fd on my name and have interest/full maturity amount transferred to their bank account? Or does the interest/full maturity from the FD necessarily have to be credited only to one of my bank accounts only?
For maturity payment there are three options I think, 1) my savings a/c, 2) other bank saving a/c (requires a/c no. and ifsc), 3) cheque/dd (requires name and city).
Is it possible to have the FD maturity/interest credit to someone else’s account by misusing option 2 & 3? Or is there some rule or law makes it mandatory for FD to be credited to my account only?
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